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Unit 3 - Coggle Diagram

- - - - decision making on loans, debts, capital restructuring, planning finance needs, mergers or acquisitions, which sectors and markets to work in;
      - reorganizing a company's finance;
      - help to improve the company's management of budget and cost accounting.
    - - checking the accuracy of a company's accounts
        
        testing and detecting fraud, crime, and errors
        
        test internal control
        
        advising on accounting standards
  - - - Defining the scope of the audit
      - Having an interview with the company's management
      - Looking at problems in the previous audits.
      - Deciding what will be inspected and what the method will be used
      - Making a plan and timetable for the audit.
- - - - Prudence
      - Going concer
      - Consistency